First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Short Interest Down 79.3% in August

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 98,595 shares, a drop of 79.3% from the July 30th total of 476,240 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 551,566 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Core Investment Grade ETF Stock Down 0.2%

NYSEARCA FTCB traded down $0.04 on Wednesday, reaching $20.58. The company had a trading volume of 470,884 shares, compared to its average volume of 728,324. First Trust Core Investment Grade ETF has a 1 year low of $20.45 and a 1 year high of $21.87. The firm has a 50-day moving average of $20.69 and a 200-day moving average of $20.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC increased its stake in First Trust Core Investment Grade ETF by 33.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 13,642 shares of the company’s stock worth $285,000 after buying an additional 3,391 shares during the period. Kintra Wealth LLC grew its stake in shares of First Trust Core Investment Grade ETF by 124.3% during the second quarter. Kintra Wealth LLC now owns 2,224,625 shares of the company’s stock valued at $45,872,000 after acquiring an additional 1,232,810 shares in the last quarter. Asset Allocation Strategies LLC increased its position in shares of First Trust Core Investment Grade ETF by 32.1% during the second quarter. Asset Allocation Strategies LLC now owns 64,284 shares of the company’s stock worth $1,341,000 after acquiring an additional 15,639 shares during the last quarter. Compass Financial Management LLC purchased a new stake in shares of First Trust Core Investment Grade ETF during the second quarter worth about $26,000. Finally, Aureum Wealth Management LLC lifted its stake in shares of First Trust Core Investment Grade ETF by 14.4% in the second quarter. Aureum Wealth Management LLC now owns 259,086 shares of the company’s stock worth $5,403,000 after acquiring an additional 32,649 shares in the last quarter.

About First Trust Core Investment Grade ETF

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.